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Irina-Kira [14]
2 years ago
13

A local theatre group wants to increase the membership and attendance at its performances. To do​ so, it hosts free​ shows,

offers standup comedy​ nights, and sends volunteers to the local high school. In what is the theatre group​ engaging?
A.Market research
B.Societal marketing
C.Product placement
D.Advertising
E.Market exchange
Business
1 answer:
Irina-Kira [14]2 years ago
5 0

Answer:

E) Market Exchange

Explanation:

Market exchange refers to at least two people or firms trading one good or service for another. In this case, the theater group is trading a free show and other promotional activities (standup comedy nights, and volunteer work) in exchange for higher membership to their group or higher attendance to their shows.

A trade does not necessarily imply a money exchange, it can also include goods or services that provide utility for the other party. For example, an increase in group membership will help the theater group perform better.  

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The amount of a good that must be given up to produce another good is the concept of:
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E.) Opportunity cost is the cost associated with giving up one opportunity for the benefit earned by another.
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Answer:

C) AccuroDisk creates a greater economic value than TD Storage.

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6 0
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The following lots of a particular commodity were available for sale during the year: Beginning inventory 10 units at $30 First
irakobra [83]

Answer:

Fifo Ending Inventory = $ 690

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The first in first out method implies that only the units at the end are left out in the ending inventory.                

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10 units from second purchase at $ 34= $ 340

Total 20 units FIFo method = $ 690

Working

         

                                                                  Total Cost

Beginning inventory        10 units at $30           $ 300

First purchase                 25 units at $32            $ 800

Second purchase            30 units at $34            $ 1020

Third purchase                10 units at $35            $ 350

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